(PatelEngg) Patel Engg complete technical analysis [charts+indicators] | Buy/Sell Patel Engg | (PatelEngg) share price targets
Complete technical analysis of Patel Engg (PatelEngg) by charts plus indicators, forecast predictions and share price targets for Patel Engg (PatelEngg)
Showing technical analysis as on 2023-01-12 View latest technical analysis
10 day averaged volume of Patel Engg is 122172
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Thu Jan 2023 | 18.10 | 18.40 | 18.55 | 18.00 | 0.831 times |
| 11 Wed Jan 2023 | 18.30 | 18.40 | 18.50 | 17.90 | 0.842 times |
| 10 Tue Jan 2023 | 18.15 | 19.20 | 19.20 | 18.05 | 1.706 times |
| 09 Mon Jan 2023 | 18.90 | 18.95 | 19.25 | 18.85 | 0.619 times |
| 06 Fri Jan 2023 | 18.95 | 18.85 | 19.15 | 18.60 | 1.041 times |
| 05 Thu Jan 2023 | 19.05 | 19.45 | 19.45 | 18.95 | 0.389 times |
| 04 Wed Jan 2023 | 19.10 | 19.40 | 19.80 | 19.00 | 1.301 times |
| 03 Tue Jan 2023 | 19.70 | 19.60 | 20.00 | 19.35 | 1.513 times |
| 02 Mon Jan 2023 | 19.40 | 19.00 | 19.50 | 19.00 | 1.062 times |
| 30 Fri Dec 2022 | 19.00 | 19.00 | 19.30 | 18.85 | 0.765 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 18.2, but if it comes above 18.2, then a intra day buy could be more profitable.
If you take a sell trade below 18.2, then use 18.2 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 18.2 as stoploss and 19.05 as target.
Share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Target | 17.35 |
| Downside Target | 17.90 |
| Upside Target | 18.60 |
| Upside Target | 19.25 |
| Upside Target | 19.90 |
| Upside Target | 20.75 |
| Upside Target | 20.90 |
| Upside Target | 21.35 |
| Upside Target | 22.15 |
| Upside Target | 22.20 |
| Upside Target | 22.90 |
| Upside Target | 23.50 |
| Upside Target | 27.90 |
Intraday share price targets for Patel Engg (PatelEngg)
| Target Type | Value |
| Downside Intraday Target | 17.58 |
| Downside Intraday Target | 17.07 |
| Upside Intraday Target | 18.93 |
| Upside Intraday Target | 19.77 |
| Upside Intraday Target | 18.42 |
Weekly technical analysis of Patel Engg (PatelEngg)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Thu Jan 2023 | 18.10 | 18.95 | 19.25 | 17.90 | 0.753 times |
| 06 Fri Jan 2023 | 18.95 | 19.00 | 20.00 | 18.60 | 0.93 times |
| 30 Fri Dec 2022 | 19.00 | 17.35 | 19.40 | 17.35 | 0.349 times |
| 23 Fri Dec 2022 | 17.45 | 20.80 | 21.35 | 17.45 | 0.651 times |
| 16 Fri Dec 2022 | 21.00 | 21.65 | 22.15 | 20.80 | 0.472 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Patel Engg (PatelEngg)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 12 Thu Jan 2023 | 18.10 | 19.00 | 20.00 | 17.90 | 0.06 times |
| 30 Fri Dec 2022 | 19.00 | 20.05 | 22.20 | 17.35 | 2.443 times |
| 30 Wed Nov 2022 | 20.00 | 22.00 | 22.90 | 19.90 | 2.619 times |
| 31 Mon Oct 2022 | 22.00 | 21.00 | 23.50 | 20.75 | 0.162 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Patel Engg (PatelEngg)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 17, 31, 29 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 11 | Sell |
| CCI | -125 | Sell |
| RSI | 54 | Buy |
| OBV | -3069030 | Sell |
| VWAP | 19 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Patel Engg ( (PatelEngg) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Patel Engg ( (PatelEngg) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Patel Engg stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Patel Engg in short term and the sell signal is strong.
Patel Engg Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Patel Engg in short term and SELL signal is strong!
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Patel Engg is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 18.87 and Patel Engg (PatelEngg) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Patel Engg (PatelEngg) stock. Volume based technical analysis of Patel Engg (PatelEngg) stock is negative.
Patel Engg Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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